GBPUSD Analysis – May 16, 2010
GBPUSD remains in downtrend from 1.5522, deeper decline is still in favor and next target would be at 1.4200 area. Resistance is now at 1.5053, only rise above this level could take price back towards the upper...
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EURUSD Analysis – May 16, 2010
EURUSD’s downtrend from 1.5144 extends to as low as 1.2353 level. Now the pair is facing the support of 1.2329 (Oct 28, 2008 low), below this level could trigger deeper decline to 1.1300 area. Resistance is now...
GBP/USD 1.4574 – 14 May 2010
GBP/USD Open 1.4614 High 1.4911 Low 1.4815 Close 1.4611Pound/Dollar traded with a decrease on Thursday, in line with the negative Interbank sentiment at around -56%. The Cable depreciated yesterday from 1.4911 to 1.4571, closing the day at...
U.S. Dollar Reaches its Highest in More than a Year
The U.S. dollar rose to its highest level Thursday, gaining on the EUR and the British pound, as currency traders’ appetite for risk remained restrained because of rising worries about the long-term implications of Euro-Zone debt problems.
EUR/USD 1.2517 – 14 May 2010
EUR/USD Open 1.2537 High 1.2681 Low 1.2517 Close 1.2535The Euro traded with a decrease on Thursday. After a little climb on the receiving of the partial 5 Bln Euro help for Grece Euro/Dollar continued depreciating from 1.2681...
Buying When We Should Have Been Selling
Occasionally (hopefully not more than once) we accidentally find ourselves on the wrong side of a trade. We meant to sell, but instead we bought.
Get Smaller or Get Out
Many times I get asked by new traders how to handle a certain situation they find themselves in when trading.
Daily Market Outlook by AceTrader
Market Review – 13/05/2010 21:19GMT Euro and pound fall on continued market woes The euro fell for a third day versus the dollar on concerns the harsh fiscal tightening in Europe would lead to slower growth of...
Forexpros.com Daily Analysis – 13/05/2010
ForexPros Daily Analysis May 13, 2010 — Free webinar on ForexPros – “Can You Really Make a Living with Trading?” Expert: Markus Heitkoetter, Rockwell TradingWhen: Wednesday, May 26, 2010, 10:00 EST
USD/JPY 93.07 – 13 May 2010
USD/JPY Open 93.18 High 93.63 Low 92.49 Close 93.26Dollar/Yen traded with an increase on Wednesday, in converse the Interbank sentiment at nearly -10%. Yesterday the currency couple appreciated from 93.49 to 93.27, closing the day at 93.26....